ONEXAR

ONEXAR is a retail forex and CFD broker registered in the Union of Comoros, with a registered address at PO Box 1212, HAMCHAKO, MUTSAMUDU on the Autonomous Island of Anjouan. The firm was established on 30 June 2025, making it a very new entrant to the brokerage space. According to its website, it holds a Comoros license (Number L15988/OL), but no other regulatory licences are publicly listed from major financial authorities.

FXCanary's records indicate that ONEXAR currently has no independent user reviews and the broker is not regulated by any top-tier regulator such as the FCA, CySEC, or ASIC. The risk score of 54 out of 100 is elevated, reflecting the lack of third-party oversight and the short operating history. Traders should be aware that operating out of Comoros often entails lower regulatory standards and limited investor protection.

ONEXAR offers four main account types on its website: ECN, PRO, STANDARD, and SWAP-FREE. The ECN account is marketed with raw spreads from 0.01 pips, direct market access, and low commissions. The PRO account targets experienced traders with deep liquidity and exclusive conditions. The STANDARD account is positioned for beginners or those who prefer lower deposits and competitive spreads. The SWAP-FREE account is compliant with Islamic principles and incurs no overnight swap charges.

The broker mentions high leverage and fast execution speeds of 200-250ms. However, specific leverage figures are not detailed on the site, and spreads may vary by account type. Trading is conducted via the MetaTrader 5 (MT5) platform, which is available for Windows and supports automated trading and advanced charting.

ONEXAR claims to offer over 100 trading instruments, including forex pairs, indices, commodities, cryptocurrencies, and possibly stocks and ETFs. The website highlights crypto trading as a key area. The exact list of instruments is not fully detailed, but the broker aims to provide a multi-asset trading environment that caters to different trader preferences.

The broker also promotes social trading features such as copy trading, MAM (Multi-Account Manager), and PAMM (Percentage Allocation Money Management) accounts, allowing investors to follow or allocate funds to professional managers. Additionally, ONEXAR offers a swap refund program and bonus promotions like a 50% welcome bonus on deposits.

ONEXAR supports several deposit and withdrawal methods, including bank wire transfers, credit/debit cards (Visa and MasterCard), cryptocurrencies, and escrow payments. The broker states that there are no hidden fees and that transactions are processed quickly and securely. Bank wire transfers are described as suitable for large deposits with no deposit fees from Onexar, though processing may take 2-5 business days. Credit card deposits are said to be instant with zero processing fees.

The broker's website does not provide specific minimum deposit amounts for each account type, nor does it detail withdrawal processing times or fees. Traders should verify these terms before opening an account.

ONEXAR provides customer support through email (support@onexar.com) and a contact form on its website. The site lists a corporate office but does not disclose physical phone numbers or live chat. The registered office is in the Comoros, as per the company's registration.

The broker claims over 15 years of experience in the financial sector, yet its registration date of June 2025 contradicts this statement. This discrepancy raises a red flag and underscores the importance of verifying claims independently. ONEXAR also maintains a presence on social media platforms such as Instagram, LinkedIn, and YouTube, though the extent of engagement is unclear.

ONEXAR appears to target a broad range of traders, from beginners to professionals. The availability of a standard account with low deposit requirements and swap-free conditions suggests an appeal to retail traders and those adhering to Islamic financial principles. The ECN and PRO accounts are aimed at more experienced traders seeking raw spreads and deeper liquidity.

The inclusion of social trading, PAMM/MAM, and bonuses may attract passive investors or those looking to grow capital through promotional offers. However, given the lack of robust regulation and the newness of the broker, traders should approach with caution and thoroughly evaluate the risks involved.